19.12.2018
The Estonian Economy and Monetary Policy is an Eesti Pank review released four times a year that summarises the main recent events in the global and Estonian economies. Twice a year, in June and December, the review also contains the forecast for the Estonian economy for the current year and the... more
19.12.2018

The Estonian economy will grow by around 3.5% this year and next, and by 2020 growth will slow to close to 2%. One reason that growth will slow is that fewer people enter  the labour market. Another reason is the problem of competitiveness at companies, which is indicated by a decline in Estonia... more

30.11.2018
Kaspar Oja Economist at Eesti Pank

Statistics Estonia estimates that the economy grew by 4.2% in the third quarter over the year. This was a little faster than in the second quarter when the growth was 3.8%. The faster growth in the third quarter was an exception in the wider... more

04.10.2018

Among the presenters at the Äriplaan 2019 economic conference on Thursday was Eesti Pank Governor Ardo Hansson, who said that the past couple of years have been good for the Estonian economy, but a slower rate of growth is to be expected in future.

The past couple of years have been kind... more

20.09.2018
A lot of countries have had to adapt to expanding trade barriers since spring of this year, though these have not damaged the growth in global trade, at least not yet. Growth slowed a little in the summer months in the global economy as a whole, but this was partly caused... more
31.08.2018
Kaspar Oja Economist at Eesti Pank
  •  Living standards in Estonia are at almost 80% of the European Union average
  • Further growth in the economy will be restrained by the fall in investment by companies and the slow growth in productivity
  • The economy... more
26.06.2018
The Estonian Economy and Monetary Policy is an Eesti Pank review released four times a year that summarises the main recent events in the global and Estonian economies. Twice a year, in June and December, the review also contains the forecast for the Estonian economy for the current year and the... more
26.06.2018
  • Growth in the economy will be around 3.5% in 2018-2019, but it will slow to 2.5% in 2020
  • Inflation will start to slow to 2.9% in 2018, 2.5% in 2019, and 1.9% in 2020
  • Wage growth will remain fast until 2020 at around 6-7%
  • The low level of investment by companies... more
12.06.2018

Governor of Eesti Pank and member of the Governing Council of the European Central Bank Ardo Hansson says there is no reason to hope that interest rates on loans will forever remain as low as they are now.

  • The central banker believes that the Estonian economy is already simmering... more
31.05.2018
Kaspar Oja Economist at Eesti Pank
  • Economic growth is supported by favourable monetary and fiscal policies
  • Potential threats include the political uncertainty in Italy and restrictions on free trade
  • Growth in private consumption and exports... more
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